Mary River mine could be mothballed, Baffinland president warns – Nunatsiaq News

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Mary River mine could be mothballed, Baffinland president warns – Nunatsiaq News

by ahnationtalk on May 4, 202139 Views

May 4, 2021

Steps to slow operations ‘were not easy decisions,’ Brian Penney says

Baffinland Iron Mines Corp.’s president and CEO Brian Penney says there’s a possibility the company might mothball its Mary River iron mine next year.

Penney explained in an April 30 letter that shareholders are saying they won’t invest any more money because there have been delays securing the approval to expand the operation in northern Baffin Island.

“The letter was sent to all employees and contracting staff,” said Heather Smiles, Baffinland’s manager of stakeholder relations.

“This letter is intended from an internal perspective to communicate to our employees on what to expect.”

Read More: https://nunatsiaq.com/stories/article/mary-river-mine-could-be-mothballed-baffinland-president-warns/

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